Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - Recently, the company's subsidiary, Youka Technology, signed a strategic cooperation agreement with Tianyi Cloud to collaborate in areas such as intelligent networking, autonomous driving, and computing infrastructure, aiming to promote large-scale applications in the intelligent vehicle sector [4][5] - The partnership will focus on six dimensions, including autonomous driving, cloud security, edge computing, embodied intelligence, low-altitude economy, and industry standards [5] - The autonomous driving industry is accelerating, with developments from competitors like Tesla and BYD, which may enhance the company's market position [6][7] - The company is expected to benefit from supportive policies for vehicle networking and aims to expand its overseas business, targeting significant growth opportunities [10] Financial Summary - The company forecasts net profits for 2024-2026 to be 94 million, 204 million, and 303 million yuan, respectively, with corresponding EPS of 0.70, 1.52, and 2.26 yuan [11] - Revenue is projected to grow from 521 million yuan in 2023 to 1.531 billion yuan in 2026, reflecting a compound annual growth rate [13][16] - The gross margin is expected to stabilize around 40% in the coming years, with ROE increasing from 13.7% in 2023 to 29.1% in 2026 [13][17]